MAI Capital Management Invests $496,000 in NVR, Inc. (NYSE:NVR)

MAI Capital Management acquired a new position in shares of NVR, Inc. (NYSE:NVRGet Rating) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 84 shares of the construction company’s stock, valued at approximately $496,000.

Other hedge funds also recently made changes to their positions in the company. Retirement Planning Co of New England Inc. purchased a new position in shares of NVR during the 4th quarter worth about $35,000. Confluence Wealth Services Inc. purchased a new position in shares of NVR during the 4th quarter worth about $59,000. Tobam lifted its holdings in shares of NVR by 160.0% during the 3rd quarter. Tobam now owns 13 shares of the construction company’s stock worth $62,000 after acquiring an additional 8 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR during the 4th quarter worth about $65,000. Finally, Dupont Capital Management Corp lifted its holdings in shares of NVR by 140.0% during the 4th quarter. Dupont Capital Management Corp now owns 12 shares of the construction company’s stock worth $71,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 97.53% of the company’s stock.

Shares of NYSE:NVR opened at $4,262.41 on Friday. The company has a quick ratio of 2.68, a current ratio of 4.97 and a debt-to-equity ratio of 0.56. NVR, Inc. has a 52-week low of $4,087.17 and a 52-week high of $5,982.44. The company has a 50 day moving average of $4,482.80 and a two-hundred day moving average of $5,035.56. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 11.38 and a beta of 0.97.

NVR (NYSE:NVRGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The construction company reported $116.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $100.47 by $16.09. NVR had a net margin of 15.63% and a return on equity of 47.99%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company earned $63.21 earnings per share. NVR’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts anticipate that NVR, Inc. will post 539.63 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

A number of research firms recently issued reports on NVR. Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $5,167.00 target price for the company in a research report on Friday, April 29th. JPMorgan Chase & Co. dropped their target price on shares of NVR from $5,300.00 to $4,770.00 and set a “neutral” rating for the company in a research report on Wednesday, April 13th. UBS Group raised shares of NVR from a “sell” rating to a “neutral” rating and increased their target price for the stock from $4,825.00 to $5,500.00 in a research report on Thursday, February 3rd. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Finally, KeyCorp dropped their target price on shares of NVR from $5,700.00 to $5,100.00 and set an “overweight” rating for the company in a research report on Tuesday, March 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NVR presently has a consensus rating of “Buy” and a consensus target price of $5,134.25.

NVR Company Profile (Get Rating)

NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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